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Valuation of In-Kind Transfers and the Measurement of Poverty

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  • Edgar K. Browning

    (Texas A&M University)

Abstract

This article addresses three related but distinct issues relevant to the valuation of in-kind transfers. First, it shows that the census bureau's widely cited recipient value approach substantially underestimates the true cash equivalent value of in-kind transfers. Second, it shows that the true cash equivalent value of income can exceed even the income value arrived at by adding the market value of in-kind transfers to cash income. Third, it presents some reasons for preferring that income be measured at its market value rather than at its cash equivalent value, at least when the goal is identifying poverty status.

Suggested Citation

  • Edgar K. Browning, 1991. "Valuation of In-Kind Transfers and the Measurement of Poverty," Public Finance Review, , vol. 19(2), pages 123-146, April.
    • Handle: RePEc:sae:pubfin:v:19:y:1991:i:2:p:123-146
    DOI: 10.1177/109114219101900201
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    References listed on IDEAS

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    1. Browning, Edgar K, 1987. "On the Marginal Welfare Cost of Taxation," American Economic Review, American Economic Association, vol. 77(1), pages 11-23, March.
    2. Browning, Edgar K & Johnson, William R, 1984. "The Trade-Off between Equality and Efficiency," Journal of Political Economy, University of Chicago Press, vol. 92(2), pages 175-203, April.
    3. Hansson, Ingemar & Stuart, Charles, 1985. "Tax revenue and the marginal cost of public funds in Sweden," Journal of Public Economics, Elsevier, vol. 27(3), pages 331-353, August.
    4. Mayo, Stephen K., 1981. "Theory and estimation in the economics of housing demand," Journal of Urban Economics, Elsevier, vol. 10(1), pages 95-116, July.
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